Articles for August 2016

Ransomware is on the rise and the enterprise is feeling the pressure — with almost 40 percent of businesses experiencing a ransomware attack last year alone.

A new study conducted by Malwarebytes suggests that 34 percent of businesses lose revenue because of such attacks, and 20 percent have had to stop operations completely in the aftermath of a successful data breach.

The cybersecurity firm released the report, titled “ State of Ransomware,” on Wednesday, which explored how ransomware is spreading. This particular breed of malware, once downloaded and executed on a compromised system, encrypts or locks files away before demanding payment in return for a key which will decrypt system files and return the PC to normal.